TSL Express Daily Articles & News

Crestmark is pleased to announce that John Trendell II has been named a business development officer where he has been serving as underwriting manager since 2014. John is based in Troy, Michigan and will report to James Farrell, senior vice president, sales manager.

Tennessee Bank & Trust, a full-service bank servicing individuals and businesses in middle Tennessee, today announced the additions of Chet Alexander as Chief Credit Officer and Sandi Lanier as Executive Vice President, Operations and Compliance. In these roles, Alexander and Lanier will oversee all credit and lending restructuring and the strategic operations and lending compliance for the bank, respectively.

Morrison & Foerster, a leading global law firm, is pleased to announce that Jay Gavigan has joined the firm’s New York office as a partner in its Lending + Financial Transactions Group. Mr. Gavigan is an internationally recognized finance lawyer who brings to the firm 25 years of experience advising clients on a wide range of financial transactions, including acquisition and leveraged finance, project finance, asset finance, syndicated credits, real estate finance, and workouts.

Rebello was previously the bank’s Texas Border & Gulf Coast Region CEO, where he oversaw the El Paso, Laredo, Rio Grande Valley, Corpus Christi and Beaumont markets. BBVA’s previous Austin CEO, Dillan Knudson, has accepted the position of BBVA USA Houston CEO.

CIT Group Inc. (NYSE: CIT) today announced the start of the second annual One Million Meals campaign in partnership with Feeding America® to fight hunger this holiday season. Customers, employees and social media followers are invited to join in donating One Million Meals1 to people in need. Participants can help direct the donations by choosing to support Feeding America's Mobile Pantry Program or MealConnect Program.

Moritt Hock & Hamroff LLP (MH&H) announced a new resource for companies in the secured lending and equipment finance industries. The firm’s Secured Lending, Equipment & Transportation Finance practice area has created a blog featuring posts that provide timely insights on many legal issues facing these industries.

Ware2Go, a UPS Company and on-demand fulfillment network designed to help merchants enhance their delivery experiences, today announced a collaboration with Fundera, the leading online marketplace for small business financial solutions. The agreement will ease access to the services and insights merchants need to grow by combining cutting-edge logistics capabilities with a myriad of financing options from top bank and online lenders, as well as credit card issuers.

Byline Sponsor Finance ("BSF") announced that it has provided revolver and term credit facilities to finance Benford Capital Partners' recapitalization of Warehouse-Lighting (“WHL” or the “Company”). BSF was represented by Duane Morris, LLP.

CIT Group Inc. (NYSE: CIT) today announced that the Office of the Comptroller of the Currency (OCC) has provided regulatory approval for Mutual of Omaha Bank to be merged into CIT's banking subsidiary, CIT Bank, N.A. Subject to the receipt of certain other regulatory approvals and waivers and completion of the other customary closing conditions, CIT expects to close the transaction in the first quarter of 2020.

BBVA USA announced today that it has promoted Kevin Fretz to the position of BBVA USA Director of Franchise Finance. Fretz will be tasked with managing the bank's franchise finance division, helping clients throughout the customer journey of obtaining, operating and maintaining their franchise. He boasts more than 20 years of experience in the financial industry in various roles.

GlobalSCAPE, Inc. (NYSE American: GSB) (the "Company"), a worldwide leader in the secure movement and integration of data, today announced it has entered into a five-year, $55 million senior secured credit facility with a syndicate of banks led by J.P. Morgan.

Representing multiple offices and legal specialties, the new partners span Dorsey’s breadth of practices.

Ms. Hopkins succeeds Executive Vice President and CFO John Bogler, who resigned from the Company effective November 13, 2019. Mike Smith, the Company’s Chief Accounting Officer, has been appointed interim CFO until Ms. Hopkins joins the Company on December 9, 2019.

United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank (“United Bank”), and Carolina Financial Corporation (“Carolina Financial”) (NASDAQ: CARO), the parent company of CresCom Bank (“CresCom”), today announced that they have entered into a definitive merger agreement.

Lazard Ltd (NYSE: LAZ) announced today that it has launched a new team called Lazard Venture and Growth Banking and appointed Garri Jones and Nick James as Managing Directors in its UK Investment Banking business. Garri and Nick will join in January from Numis where they ran a successful ventures practice.

Enviva Partners, LP (NYSE: EVA) (the “Partnership” or “we”) today announced that, subject to market conditions, it intends to offer, with its wholly owned subsidiary Enviva Partners Finance Corp., $450.0 million in aggregate principal amount of senior unsecured notes due 2026 (the “2026 Notes”) in a private placement to eligible purchasers.

Telesat Canada (“Telesat”) today announced that it entered into discussions on November 15, 2019 to amend its existing credit agreement, dated March 28, 2012, among Telesat and Telesat LLC, as borrowers (the “Borrowers”), the guarantors party thereto, the lenders party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent and collateral agent for the secured parties and the other financial institutions party thereto (such agreement, as amended prior to the date hereof, the “Existing Credit Agreement”).

Cambridge Savings Bank (CSB) announced the closing of a senior secured credit facility with Worcester Envelope Company, a print and mail solutions company headquartered in Auburn, Massachusetts. The credit facility provided by CSB’s Asset-Based Lending Team allowed Worcester Envelope to refinance their existing bank debt and will support future working capital needs of the company.

Access Capital is pleased to share news of its latest transaction with The managing partners of Advance Employment Services, LLC (“Advance”) recently engaged Access Capital to finance the purchase of the commercial staffing business of the AccessPoint family of companies, a professional employer organization in the greater Michigan area.

Jason M. Rimland brings over 20 years of transactional experience to Tannenbaum Helpern. He represents private investment funds, emerging and middle market companies, entrepreneurs, financial institutions and family offices in domestic and cross-border mergers, acquisitions and dispositions; debt and equity financing; venture capital; private placements; secured lending transactions; fund formations, and licensing agreements.